What Home Buyers Really Want - Parr Lumber

Home Buyers’ Top Ten Most Wanted and Unwanted Lists

According to a recently released study by the NAHB Economics Group, What Home Buyers Really Want, energy efficiency is at the top of home buyers’ most wanted list. In the study, 94% of home buyers want energy-star rated appliances, 91% want an energy-star rating for the whole home, 89% want energy-star rated windows, and 88% want ceiling fans. The What Home Builders Really Want research is based on a nationwide 2012 survey of new and potential home buyers. The report provides insight into buyers’ preferences for home type and size, room layout and design, kitchen and baths, windows and doors, accessibility and outdoor features, electronics and technology in the home, energy efficiency, choosing a community, and trade-offs buyers are willing to make.

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Sales of New Homes Increased by 45.3% in the West - Parr Lumber

Sales of New Homes Increased by 45.3% in the West

According to the latest figures from HUD and the U.S. Census Bureau, sales of new homes increased in January by 28.9% from a year ago, and 15.6% since December. On an annual seasonally-adjusted basis, newly built, single-family homes sold at a 437,000 pace. New home sales increased in every region. The West had the biggest gain at 45.3%. The Northeast posted a 27.6% increase, and the Midwest saw an increase of 11.1%. The South had the lowest increase (3.2%).

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National Association of Home Builders/First American Improving Markets Index (IMI) - Parr Lumber

Top Ten Northwest Cities for Builders

Ten northwest cities are listed in the latest National Association of Home Builders/First American Improving Markets Index (IMI). The NAHB/First American IMI is designed to track housing markets throughout the country that are showing signs of improving economic health. The northwest cities in the index are Corvallis, Medford, Portland, Bellingham, Kennewick, Longview, Seattle, Spokane, Wenatchee, and Yakima.

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Housing Starts 2013 - Parr Lumber

Construction Industry is Looking Good – housing starts increased by 12.1%

Good news for the construction industry. According to the U.S. Commerce Department, single-family and multifamily housing starts increased by 12.1% to 954,000 units last month. This is the highest rate in more than four years. Single-family housing starts jumped by 8.1% to 616,000 units in December. Multifamily construction fared even better with an increase of 23.1% (338,000 units). In the West, single-family and multifamily housing starts increased by 18.7%. The Midwest saw the biggest gain with 24.7%, while the Northeast increased by 21.4%. The South experienced the smallest jump with only an improvement of 3.8%.

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